Cytodyn Inc (CYDY)

[fred198484]

I was expecting to hear that the PE had been reached for the 40. Did the company ever make it clear that this would not be part of the release? At best they gave only a hint it had been reached since the trial is continuing. Or could it be a hint that they were close to reaching it and are now hoping the extra 10 patients will get them over the top? Most importantly, they gave no information regarding when the trial would be completed. So, unless some partnership deal is announced soon, who is going to convert their warrants? And where is the cash going to come from to complete the trial? Why would they set 12/22 as the date if they did not have good news before then. And will they need to give more shares to those that bought yesterday in another "make whole" adjustment?

When the news is not unequivocally good in biotech, it is safe to assume something is not right.